Pertamina Geothermal Energy profit rises 21.45% through third quarter
Revenue reached US$352.20 million as electricity output from the company’s own operations increased 9.79% in January–September 2026.
Indonesia’s PT Pertamina Geothermal Energy Tbk. (PGEO) reported US$126.62 million in net profit through the third quarter of 2026, up 21.45% from US$104.26 million a year earlier. Revenue increased 10.46% to US$352.20 million from US$318.86 million, with higher geothermal electricity production contributing to the performance.
Finance director Fransetya Hasudungan Hutabarat said in an official statement on 29 October that the financial results reflected electricity generation of 4,114 gigawatt hours (GWh) from fields operated by the company during January–September 2026. He said output rose 9.79% from a year earlier to a record high, reaching 108.22% of the 3,801 GWh target.
Operating profit climbed 17.44% to US$186.26 million, compared with US$158.60 million in the corresponding period a year earlier. The net profit margin widened to 35.95% from 32.70%. Total liabilities fell to US$955.55 million from US$988.89 million at the end of 2025, while cash and cash equivalents stood at US$713.68 million.
For its power plants, PGEO reported an Equivalent Availability Factor (EAF) of 98.51%, above its target of 92.20%. Its Equivalent Forced Outage Rate (EFOR), which measures forced interruptions during the reporting period, was 0.21%.
